RABAT, April 22 (Reuters) - Moroccan phosphate and fertiliser producer OCP has begun an investor roadshow for an international bond of up to $2 billion to fund its development plan, a company source said on Monday.

The company has appointed BNP Paribas, Citi and JP Morgan to manage the bond, the source added.

The bond would be the first since OCP announced in 2022 a $13 billion strategy to shift fully to renewable energy to power its industrial processes.

The company also plans investments in green hydrogen to produce ammonia and has been investing in desalination.

OCP's most recent international bond was a dual-tranche issue worth $1.5 billion in 2021.

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https://www.reuters.com/markets/commodities/moroccos-ocp-starts-roadshow-up-2-bln-bond-2024-04-22/